Thursday, June 22, 2023

23 Jun 2023 BMD


 LOCAL MARKET


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FKLI

FBM KLCI was flat after adding 1.22 points or 0.19% to 1394.67 points. Following recent gains, the FBM KLCI could consolidate below its resistance of 1407 points.

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Plan A : Consider long if the market stays above 1389. Targets are 1402 and 1410.

Plan B : Attempt short if the market stays below 1389. Targets are 1382 and 1368






Disclaimer: This information is intended to assist professional investors. News are credit courtesy of Reuters, Nasdaq.com, Bloomberg, CNN, Market Watch, FT.com, the Star online, forbes.com, mining.com and CNBC. The information does not constitute investment advice or an offer to invest or to provide management services and is subject to correction, completion and amendment without notice.As with all investments, there are associated risks and you could lose money investing. Prior to making any investment, a prospective investor should consult with its own investment, accounting, legal and tax advisers to evaluate independently the risks, consequences and suitability of
that investment.  

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